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Questerre Energy Corp (QEC.TO)

QEC.TO on Toronto Stock Exchange

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23 May 2017
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Latest Key Developments (Source: Significant Developments)

Questerre acquires minority interest in Red Leaf at $60 per common share
Thursday, 11 May 2017 12:15am EDT 

May 11 (Reuters) - Questerre Energy Corp :Questerre acquires minority interest in Red Leaf.Through agreement with vendor, Questerre has option to acquire over 280 square km for oil shale in kingdom of Jordan.Entered into agreement to acquire 103,751 common shares of Red Leaf at US$60 per common share.Acquisition price for interest in Red Leaf $60 per common share and contingent payment of $12.50 per common share.  Full Article

BRIEF-Questerre raises NOK 154 million in share issue
Friday, 10 Feb 2017 12:03am EST 

Questerre Energy Corp : Says private placement of up to 30.8 million common shares has been substantially over-subscribed at a price of 5 NOK or C$0.79 per common share .Gross proceeds are estimated at 154 million NOK or approximately C$24 million.  Full Article

BRIEF-Questerre raises NOK 154 million in share issue
Thursday, 9 Feb 2017 01:50pm EST 

Adds "million" in headline.Questerre Energy Corp : Says private placement of up to 30.8 million common shares has been substantially over-subscribed at a price of 5 NOK or C$0.79 per common share .Gross proceeds are estimated at 154 million NOK or approximately C$24 million.  Full Article

Questerre announces offering of common shares
Monday, 23 Jan 2017 12:15am EST 

Questerre Energy Corp : Questerre announces offering of common shares .Questerre energy - offering of up to 3 million class "A" common shares at $0.49 per common share.  Full Article

Questerre says "very encouraged" by drilling results at joint venture well
Thursday, 15 Dec 2016 02:52am EST 

Questerre Energy Corp : Reported today on results from a recent joint venture well drilled directly offsetting its 100 pst owned seven sections in Kakwa-Resthaven area . Very encouraged that recent results of approximately 170 bbls/mmcf and less than 25 ppm h2s are in line with results from our joint venture block . It proves up west portion of our joint venture acreage and supports our 100 pct owned block . Results are also consistent with other wells drilled in 2016 and, although early, are positive for improving completion design . Although initial rates from 04-16 well are encouraging, they are not necessarily indicative of long-term performance or of ultimate recovery . the "04-16 Well") was drilled in June with a lateral of approximately 2200m on the Company's joint venture acreage in the area. Completion operations in the Montney were finalized in the fourth quarter . Over a 746 hour production test period, the 04-16 Well continued to flow back frac water and hydrocarbons with peak rates at the end of the test of approximately 2111 boe/d consisting of 6.18 MMcf/d and 1081 bbl/d of condensate.  Full Article

Questerre reports Q3 avg daily production of 1,275 boe/d
Thursday, 10 Nov 2016 11:00pm EST 

Questerre Energy Corp : Says company reported daily production that averaged 1,275 boe/d in q3 of 2016 versus 1,934 boe/d in q3 2015 .Questerre reports on third quarter 2016 results.  Full Article

Questerre announces 2017 capital budget and proposed private placement
Thursday, 27 Oct 2016 11:26am EDT 

Questerre Energy Corp : Questerre announces 2017 capital budget and proposed private placement . Has approved a capital budget of approximately $26 million for 2017 . Private placement will consist of issuance of up to 26.6 million common shares of company .Co intends to use net proceeds to partially fund 2017 capital program, repay indebtedness under its credit facilities.  Full Article

Questerre announces 2017 capital budget and proposed private placement
Thursday, 27 Oct 2016 11:26am EDT 

Questerre Energy Corp : Questerre announces 2017 capital budget and proposed private placement . Has approved a capital budget of approximately $26 million for 2017 . Private placement will consist of issuance of up to 26.6 million common shares of company .Co intends to use net proceeds to partially fund 2017 capital program, repay indebtedness under its credit facilities.  Full Article

Questerre Energy qtrly average daily production of 1,538 boe/d
Thursday, 12 May 2016 10:27pm EDT 

Questerre Energy Corp : Qtrly average daily production of 1,538 boe/d with cash flow from operations of $1.74 million .Anticipates incremental investment in Kakwa-Resthaven area in 2016 could be up to $7 million.  Full Article

Questerre Energy qtrly average daily production of 1,538 boe/d
Thursday, 12 May 2016 10:27pm EDT 

Questerre Energy Corp : Qtrly average daily production of 1,538 boe/d with cash flow from operations of $1.74 million .Anticipates incremental investment in Kakwa-Resthaven area in 2016 could be up to $7 million.  Full Article

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BRIEF-Questerre acquires minority interest in Red Leaf at $60 per common share

* Through agreement with vendor, Questerre has option to acquire over 280 square km for oil shale in kingdom of Jordan